US proposed SECURE Act targets China’s dominance in critical minerals

Post Views: 209 US Critical Mineral US proposed SECURE Act strengthens supply chain resilience The US proposed SECURE Act aims to reduce China’s grip on critical mineral supply chains. Lawmakers introduced the bipartisan bill to create a $2.5 billion Strategic Resilience Reserve. The reserve would support domestic mining, processing, and stockpiling of key minerals. China controls over 60% of global rare earth mining and nearly 90% of processing capacity. Meanwhile, China dominates refined lithium, graphite, and cobalt markets. As a result, US policymakers now view critical minerals as a natio...